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Goldwind says China regulator approves HK listing

Chinese wind power producer Xinjiang Goldwind Science & Technology Co aid on Monday that China's stock regulator had approved an offering of up to 454.59 million overseas shares, as it prepares for a Hong Kong IPO that could raise up to $1.5 billion. The listing still requires ...

China Qinfa to buy 2 bulk carriers for $69m

HONG KONG - China Qinfa Group, a leading non- State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay $69 million for construction of two 82,000-DWT bulk carriers. In a statement filed to the Hong Kong stock exchange, China Qinfa said ...

Gome to bring back Bain officials

HONG KONG - Gome Electrical Appliances Holdings Ltd, whose founder Huang Guangyu faces bribery charges, reappointed three officials of bondholder Bain Capital LLC to its board after shareholders voted them out, avoiding a penalty payment to Bain. Zhu Jia, Ian Andrew Reynolds and ...

Fidelity's Bolton to focus on China fund

Fidelity International's Anthony Bolton, one of the UK's best known and top performing asset managers, said he plans to return to managing money next year, with a focus on the increasingly important China market. Bolton, who retired from active fund management in 2007, said he ...

China Pacific gets nod for $3.4b HK IPO

China Pacific Insurance (Group) Co Ltd, China's third-largest life insurer, has received government approval for its long-delayed plan to float shares in Hong Kong to raise at least 23.3 billion yuan ($3.4 billion). The China Securities Regulatory Commission has approved the ...

China Three Gorges buys more into China Yangtze Power

China Three Gorges Corporation (CTGC) increased its stake in China Yangtze Power by over 110 million shares between August 19, 2009 and January 26, 2010, accounting for 1 percent of the company's total share capital, the Shanghai Securities News reported today, citing China ...

Sohu quarterly profit down

Sohu.com Inc, the Chinese Internet company that separately listed its online-games unit last year, said profit fell 43 percent, missing analysts' estimates, after the spinoff cut earnings from the subsidiary. Fourth-quarter net income declined to $32.3 million, or 76 cents a ...

Lenovo profit beats analysts' estimates on China

Lenovo Group Ltd, China's biggest maker of personal computers, reported fiscal third-quarter profit that beat analysts' estimates as the reviving Chinese economy boosted demand for technology products. Net income was $79.5 million, or 0.79 cent a share, in the three months ended ...

MCC plans stake buy in Oz firm

Building and engineering firm Metallurgical Corp of China (MCC) said yesterday that it plans to pay $200 million in cash for up to a 5 percent stake in Resourcehouse ahead of the Australian commodities group's planned Hong Kong listing. MCC, which helped build Beijing's "Bird ...

CIMC buys stake in drilling platform designer

Analysts question company's move into 'unfamiliar' territory China International Marine Containers (Group) Co (CIMC), the biggest container provider in China, will purchase a 75 percent stake in Friede Goldman United (F&G) from Russia's MNP Group for $75 million to strengthen its ...

Esprit to buy JV stake from China Resources for $500m

Fashion retailer Esprit Holdings will buy the 51 percent stake it does not already own in a retail joint venture with China Resources Enterprise for HK$3.88 billion ($500.6 million), according to a Hong Kong stock exchange filing. The deal will see Espirit take full control of ...

CNR to issue 3b A shares in Shanghai IPO

China CNR Corporation Ltd (CNR), the country's top train maker by market share, said yesterday that it planned to issue up to 3 billion A shares in an initial public offering (IPO) in Shanghai to raise 6.44 billion yuan for investment projects. The Beijing-based company said it ...

New company set up to promote Shaolin culture, tourism

A new company was set up Sunday to promote the culture of the world-famous Shaolin Temple in central China's Henan province and the tourism of Songshan Mountain, home to the 1,500-year-old temple. The CTS (Dengfeng) Songshan Shaolin Culture Tourism Co Ltd was established as a ...

Anhui Xinhua may raise 712m yuan from float

Publishing firm Anhui Xinhua Media Co (AXMC) may kickstart a new round of media public floats after it said it was planning to raise 712 million yuan ($ 104.27 million) through an initial public offering (IPO) to expand its sales network. The State-owned firm based in central ...

Zijin Mining buying $200m of Glencore convertible bonds

Zijin Mining Group Co, China's largest gold producer, will buy $200 million of convertible bonds issued by Glencore International AG to gain investment opportunities with the world's biggest commodity trader. "As a result of the transaction, the company has an opportunity to make ...

Chinese private companies face tough choice on overseas M&A

To buy or not to buy, that is a question. The year 2009 saw Chinese private companies -- mostly "nobody" before the global financial crisis -- being given a chance to merge some overseas industry leaders, who suffered heavy blow or even went bankrupt in the crisis. Growing ...

BOC likely to raise 50b yuan from equities

Bank of China (BOC), the country's largest foreign exchange lender, is likely to raise a maximum 50 billion yuan from the equity market this year to shore up its capital strength, a source close to the bank said. "A comprehensive fundraising plan may come out together with the ...

Hutchison to buy out its telecom company

Billionaire Li Ka-shing's Hutchison Whampoa Ltd offered to take a phone unit private for HK$4.23 billion ($545 million) in cash after the stock underperformed the Hong Kong benchmark index for three years. Hutchison Whampoa on Friday said it would seek the 40 percent of Hutchison ...

XD Electric float hopes to generate 10.27b yuan

China XD Electric Co, the country's largest maker of electricity transmission and distribution equipment, plans to raise as much as 10.27 billion yuan ($1.50 billion) in the first major initial public offering (IPO) this year. XD Electric, which hopes to sell up to 1.3 billion ...

Baosteel says 2009 net profit falls 11%

Baoshan Iron & Steel Co, China's largest steelmaker, said its 2009 net profit fell about 11 percent from a year earlier as turnover declined by more than a quarter. Baosteel, which competes with South Korea's POSCO and Japan's Nippon Steel Corp to supply the Chinese market, ...

Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

world

finance

Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
BEIJING, Jan. 27 (Xinhuanet) -- Shanghai's financial sector grew 13.7 ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...

company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...

trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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